K-Tech Solutions Company Limited (NASDAQ:KMRK) Short Interest Up 159.3% in December

K-Tech Solutions Company Limited (NASDAQ:KMRK) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 57,565 shares, an increase of 159.3% from the December 15th total of 22,204 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 25,397 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 25,397 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.3% of the shares of the stock are sold short.

K-Tech Solutions Stock Performance

K-Tech Solutions stock opened at $1.26 on Friday. K-Tech Solutions has a 1 year low of $0.86 and a 1 year high of $5.50. The company’s 50-day simple moving average is $1.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on K-Tech Solutions in a research note on Thursday, October 9th. They issued a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, K-Tech Solutions presently has a consensus rating of “Sell”.

K-Tech Solutions Company Profile

We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products.